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Larkspun Company is a manufacturer of smartphones its controller refigned in October 2022 . An inexperienced assistant accountant has prepared the following income statement for
Larkspun Company is a manufacturer of smartphones its controller refigned in October 2022 . An inexperienced assistant accountant has prepared the following income statement for the month of October 2022 . Prior to October 2022, the company had been profitable every month. The company's president is concerned about the accuracy of the income statement. As her friend, you have been asked to review the income statement and make necessary corrections. After exmining other manufacturing cost data, you have acquired additionalinformation as follows: 1. Inventory balances at the beginning and end of October were: ctansed toselling and adminstrative metivitit Prepare a schedule of cost of goods manufactured for October2022. (Assume that all ravmaterials used were direct materials] LARKSPUR COMPANY Cost of Coods Manufactured Schedule
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